Securities / Derivatives

Enforcement

Shanghai Police Detain Anxin Trust Controller Over Illegal Loans

By Editors | 12/06/2020

Police have detained Anxin Trust’s biggest shareholder for lending assets under management in trust products to friends and other associates.

Market Infrastructure

WFE Issues Guidance on CCP Handling of Non-default Losses

By Editors | 11/06/2020

At the ten largest CCPs, no CCP has ever allocated a loss to a clearing member related to custody or collateral investment through its rulebook, the guidance makes clear.

Securities / Derivatives

HKEX to Automate Large Open Position Reporting Process

By Editors | 11/06/2020

Starting in September, participants will be able to fully automate their current LOP reporting process, using the Secure File Transfer Protocol (SFTP) facility.

Securities / Derivatives

SEBI Relaxes Norms to Fast-track Further Public Offers

By Editors | 11/06/2020

FPOs will still be allowed to proceed if show cause notices or prosecution proceedings are still ongoing, or it securities law violations have been recently settled.

Enforcement

Korea: Banks, Brokers Agree Plan to Recover Lime Asset Losses

By Editors | 11/06/2020

Twenty firms, including banks and brokers, will set up a new entity to manage the estimated 1.7tr won in assets frozen by Lime Asset Management since October.

Market Infrastructure

High-Level Forum Charts Course to Achieve EU Capital Markets Union

By Editors | 11/06/2020

In a new report, the EU’s High-Level Forum on capital markets union offers specific recommendations on developing deeper, more dynamic and more harmonised markets across EU member states.

Securities / Derivatives

ICMA Releases Guidance for Issuers of Sustainability-Linked Bonds

By Editors | 10/06/2020

Sustainability-linked bonds are performance-based bond instruments where the issuer is committing to future improvements in sustainability outcomes within a predefined timeline.

Securities / Derivatives

Thailand SEC Supports LuxSE Listings by Domestic Firms

By Editors | 10/06/2020

Thai bond issuers can list their securities on LuxSE’s BdL or Euro MTF; or alternatively obtain a profile listing on the SOL to gain visibility on the Luxembourg Green Exchange.

Securities / Derivatives

Indian Court Halts Franklin Templeton Fund Liquidation

By Editors | 10/06/2020

Franklin Templeton had planned to allow unitholders to vote on whether to allow six shuttered funds to be liquidated, but the Court says it must first release a forensic audit report on the funds in question.